About NCGFX
New Covenant Growth Fund is a U.S. equity mutual fund designed to achieve long-term capital appreciation by investing primarily in a diversified portfolio of large-cap stocks. As a large blend fund, it provides broad exposure to the overall U.S. equity market, tracking a benchmark index with an emphasis on responsible investing. Since May 2019, the fund has adopted a passive management approach, seeking to closely replicate the performance of its benchmark while incorporating a social screen and an ESG (Environmental, Social, and Governance) tilt. This screening process excludes companies involved in industries such as tobacco, alcohol, gambling, for-profit prisons, select weapons manufacturing, and those with serious human rights violations.
Managed by SEI Investments Management Corporation with Parametric Portfolio Associates as sub-adviser, New Covenant Growth Fund represents a strategy tailored for investors seeking market exposure with added values-based criteria. The fund holds over 1,500 securities, with top holdings typically including major U.S. corporations in technology, consumer, and healthcare sectors. With over $500 million in assets and a moderate expense ratio, it plays a notable role for institutions and individuals prioritizing both financial returns and adherence to faith-based or ethical guidelines within their U.S. equities allocation.
Fund Family New Covenant
Category Large Blend
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol NCGFX
Index Russell 3000 TR
NCGFX had a total return of 20.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.98%.
